June 1st cuts have been moved to May 12th, if Peterson is going to be released, it'll be tomorrow. If he's not, he's in Minny to stay.
As for things being patched up, Peterson's agent was extremely hostile and instigating just a month ago; he's now discussing how supportive Minny has been while still saying he believes Peterson needs a better contract (Can you believe that?). But yes, things seem to be calming down.
But at the end of the day, I think the determining factor is that Minny wants to get out of the contract and I don't think any team is going to take on that contract. But this is just opinion, there could be some stupid team that gives up high draft picks for him or he stays in Minnesota and every is fine.